The average price to rent a one-bedroom home in housing-starved Cupertino last month was just $47 less than the average price of a two-bedroom four years ago, according data released Monday by ApartmentList.com.
The March survey shows the median rent for a 1-bedroom in March 2018 at $4,119 and a two-bedroom at $5,162. Rentals in the city rose 2.3-percent month over month and 5.7-percent year over year, the data showed.
But to put the increase into perspective, consider rental costs in 2014. In March that year, the price for a one-bedroom was just over $3,324, while a two-bedroom was $4,166.
That one-bedroom prices rose to $3,755 in March 2015, $4,026 in March 2016, dipped down to $3,897 in March 2017 before rising again to $4,119 last month.